Insigneo Advisory Services LLC Buys Shares of 2,017 Reinsurance Group of America, Incorporated (NYSE:RGA)

Insigneo Advisory Services LLC acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,017 shares of the insurance provider's stock, valued at approximately $431,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Alliancebernstein L.P. increased its position in shares of Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after acquiring an additional 893,537 shares during the last quarter. Norges Bank bought a new position in Reinsurance Group of America in the fourth quarter valued at approximately $174,082,000. FMR LLC increased its position in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after purchasing an additional 564,693 shares during the last quarter. Invesco Ltd. increased its holdings in Reinsurance Group of America by 34.4% during the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock worth $201,802,000 after buying an additional 241,669 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Reinsurance Group of America during the fourth quarter worth $48,724,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Piper Sandler reduced their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $230.15.

Reinsurance Group of America Trading Up 1.3 %

Reinsurance Group of America stock traded up $2.47 during trading hours on Wednesday, hitting $189.30. The stock had a trading volume of 72,404 shares, compared to its average volume of 405,957. The business's 50 day simple moving average is $190.19 and its 200-day simple moving average is $208.89. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 17.63 and a beta of 0.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.88%. Reinsurance Group of America's payout ratio is 33.15%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.